Property Overview & Key Characteristics
This 1979-built, single-storey home in Varsity View sits on a large, 6,359 sqft lot. Its key appeal lies in a combination of space, location, and value. The 1,271 sqft living area includes a finished basement, offering flexible space for a growing family, a home office, or recreation. While it lacks a garage, the substantial lot presents significant potential for gardening, play, or future additions like a detached garage or deck.
Its strength is in its balanced positioning. It doesn't lead in every category but performs consistently well across important metrics like lot size, age, and assessed value compared to Winnipeg overall. It particularly stands out for its lot size, which is larger than 75% of properties in the city, offering a suburban feel within a mature, established neighbourhood. This home would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing outdoor space, as well as value-oriented buyers who see potential in the existing structure and the blank canvas of the large lot.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, established community near the University of Manitoba. It offers a quiet, residential feel with the convenience of nearby academic institutions, amenities, and green spaces.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should consult with the city and a professional to verify permissible uses and any requirements for creating a suite.
3. What are the implications of not having a garage?
The lack of a garage means vehicles will be parked on the driveway or street. However, the large lot size provides a clear opportunity to build a detached garage or carport, subject to local zoning and permit approvals.
4. How should I interpret the property rankings?
The rankings show how this home compares to others in its immediate street, wider community, and all of Winnipeg. For example, being newer than 75% of Winnipeg homes indicates it's relatively modern in the city's context, while its lot size is a standout feature.
5. The house is 47 years old. What should I budget for updates?
As a home from the late 1970s, key systems like the roof, windows, plumbing, and electrical may be near or past their typical service life. A thorough inspection is essential, and budgeting for modernizations or preventative replacements would be prudent.